Ottawa Individual & Personal Income Tax Return Preparation Services
Bomcas Income Tax Accountants Services prepares individual and personal income taxes in Ottawa, Ontario. Our Accountants have a wealth of experience dealing with a wide range of tax and accounting concerns. Individual Canadian Taxes | Individual Income Taxes in the United States | International Tax Services
Personal and Individual Tax Accountant Services in Ottawa
Bomcas Income Tax Return Preparation Professional Accountants in Ottawa Canada offers a wide range of Personal and Individual tax services to individuals and small businesses. In Canada, we are CRA Approved EFILERs and Professional Tax Accountants. We also provide cross-border tax services and international tax services to our US clients. Our Ottawa personal tax accountants have dealt with a wide range of personal income tax issues and conditions. We will find a solution for you regardless of your individual situation.
Our personal income tax consulting and filing services includes but not limited to:
- Individual income tax and benefits returns for individuals;
- Income tax returns for couples and families;
- Income tax services for students;
- Private tax preparation for self-employed persons;
- Personal and business tax preparation for individuals with foreign income,
- investment income, and/or rental income;
- Personal tax return services for new immigrants or emigrants from Canada;
- Non-resident income tax services;
- Personal tax consulting and advising for non-residents and dual residents of Canada;
- Income tax preparation services for deceased individuals;
- Back filing personal income tax;
- Voluntary Tax Disclosure and Tax Appeals;
- Liaising with CRA and other officials as necessary;
- Individual tax planning;
- Tax compliance;
- Asset protection;
- Providing personal tax advice and consulting throughout the year for you and your family;
- Integration of small business taxes to drive efficiencies.
Small Business & Sole Proprietorship Taxes
Sole Proprietorship/Self-employment Money gained through a business comprises earnings from:
- Occupation
- Commercial Trade
- Manufacture or produce
Any business effort, adventure, or concern in the nature of commerce, or any other activity you undertake for profit, and there is evidence to support that purpose. For example, income from a service firm is considered business income. Employment revenue, such as salary or salaries from an employer, is excluded from business income.
If you are self-employed or a sole proprietor, you can deduct some business expenses from your taxable income, such as: If you are self-employed or a sole proprietor, you can deduct some business expenses from your taxable income, such as: If you are self-employed or a sole proprietor, you can deduct some business expenses from your taxable income, such as:
- Household costs.
- Vehicle costs.
- Food.
- Office supplies and furniture
- Promotion.
- Instruments and equipment.
- ..along with additional items
You can reduce your taxable income by disclosing genuine company expenses.
You must file an annual tax return with information about your gross revenue, gross expenses, and net income. If you earn more than $30,000 per year, you must charge and collect GST (or four consecutive quarters or a single quarter). Please contact us right away to learn more and to open a GST account.
Your business or self-employment income is declared with any personal income on a T1 Income Tax Return. Self-employed individuals, such as sole proprietors, have until June 15th to file with the Canada Revenue Agency. If you have an outstanding balance, you must pay it before April 30th.
Are You Thinking of Incorporating?
When your company’s revenue exceeds a specific threshold, you may wish to consider whether or not to incorporate your business. If you choose to incorporate, you may be able to reduce the amount of tax you owe by a substantial amount. In addition, you may be able to defer taxes and/or share revenue if you incorporate your business. It also provides protection for your personal assets if you want to incorporate your business.
The professionals at Bomcas Canada Accounting and Tax Services can assist you in picking the most appropriate solution for your company and in handling all of your tax responsibilities, allowing you to concentrate on building your business instead of worrying about taxes.
Contact us to learn more about your self-employment or sole proprietorship tax filing options, and to allow us to assist you in finding all of the deductions to which you may be entitled, such as charitable contributions, that you may be able to claim on your tax return.
General Accounting & Tax Services
Personal Tax Services
Bomcas Accounting and Tax Services in Canada offers personal tax services to clients in order to help them manage their personal and family wealth through strategic tax and financial planning.
Complete a GST/HST Return
When you file these electronically, the Canada Revenue Agency (CRA) now requires you to specify whether your income is from exempt or zero-rated goods, as well as sales from your linked organization.
Back Taxes, Unfiled Tax Returns
Our taxation services for individuals and businesses, including CRA audits, insolvency, back taxes, tax planning and assistance, and other services, can help you avoid making costly mistakes in the future.
Income Tax Preparation
Our tax professionals make taxes straightforward for you. File your tax return from wherever you are, and we’ll ensure you the most refund possible. You can file it in person, online, or by mail.
Small Business Accounting
We provide everything you’ll need to keep your business running smoothly. Accounting, strategy planning, payroll administration, cash flow management, bank financing, and other related services
Cross Border Tax Services
Our cross-border tax specialists are available to assist individuals and businesses with their tax issues. With us, you can rest assured that your cross-border taxes will be completed correctly the first time.
Sole Proprietorship Tax
Sole Proprietorship/Self- Employed. Your proprietorship or self employed income is reported along with any personal income on a T1 Income Tax Return. Our Tax Accountants are available
Corporation income tax return
To submit corporate income tax, you must file a tax return with the Canada Revenue Agency (CRA). Using your business number, you file your provincial corporate income taxes along with your federal income tax return.
Real Estate Accountant
Rental income must be reported in order to correctly complete and file your annual tax return. Our Real Estate accountants will assist you in maximizing any potential write-offs or benefits available to you.
Dedicated Tax Accountants
With your taxes in our Accountant’s hands, you can rest easy knowing that you have a tax expert on your side who is conversant and knowledgeable about all of Canada’s tax regulations.
Full-Service Support
Throughout the year, your Tax Accountant will advise you on tax methods that will help you save thousands of dollars. As well as all of the best practices. Your Accountant will work hard to secure you the largest possible return.
No Hidden Cost
Your initial fee will be communicated to you. Many of our services are flat-rate or vary in price depending on their complexity. There will be no surprises on your bill, no matter how frequently you contact us. You only pay for work that has been completed.
Service Area in Ontario Canada
Accounting, Bookkeeping, Payroll, Farming, Personal & Corporate Tax, Income Tax Preparation are all services provided by Bomcas Canada. Here is a list of Ontario locations where we provide services. Please keep in mind that we can supply all of our services remotely and online to all of Ontario and all of Canada.
Popular Service Location
- Toronto
- GTA
- Ottawa
- Hamilton
- London
Popular Service Location
Windsor
Greater Sudbury
Kingston
Barrie
Brampton
Popular Service Location
- Kitchener
- Guelph
- Mississauga
- Thunder Bay
- Kitchener
(780) 667-5250
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Contact Information
To clarify, you may complete all your accounting and tax services entirely online with us, eliminating the need for you to travel to our office or take time away from work, among other things. You can also contact us and we will be pleased to assist you with any of your accounting and tax needs.